  Bad Advice prevails in this book
Not so sound advice!
Unless you consider giving misleading pension advice, suggesting mutual funds that vastly underperform the market, recommending insurance advice that only makes your agent richer and home buying advice that includes buying into a toxic enviroment good advice. (I know I don't)
Quinn also recommends credit life insurance and other forms of expensive and usually worthless forms of insurance products. I wonder who are sponsors really are?
A few years ago, Quinn's one and only supporter made a total fool out of himself by insinuating that many of the reviews were from the same person and lived in the same geopgraphical area - Pennsylvania. On close inspection it was uncovered that there was a 300 mile radius between the reviewers (LOL) not to mention that the reviewers had different points. Only similiarity was that they didn't like Quinn's book and pointed out it's many shortcomings.
Some talk has been made about a magazine recommending Quinn's book and this was based on "industry professionals" The so called professionals were college students (since when are they industry professionals) and the publication was a division of a companyt hat Quinn was associated with!! HELLO!
Besides, since when are college students experts on personal finance? Why not use mature college graduates in their 30's and 40's who amassed a net worth? Oh, I know why. Because they would not recommend this book. I guess that explains it.
Quinn is a writer, not a financial expert.
Only the most naive to personal finance bought into Quinn's b.s. in the past and only a caveman would buy into it now.
Terrible, terrible, terrible advice Quinn.
Quinn has a new edition out called "Making the most of your money NOW" CAVEAT EMPTOR!!!
Personal Finance Suited for Beginners and Professionals
Making the Most of Your Money is a tremendously comprehensive overview of personal finance suited for both beginners and professionals. One could depend solely on the material included within this book and achieve substantial financial independence.
This book is perhaps best served as a financial planning reference guide; including basic budgeting concepts, standards of personal finance, diverse insurances, fiscal family planning, and a full scope of investing ideals. Although slightly outdated in areas as Quinn has not quite caught up to the digital age, this weakness hardly represents a detriment as the fundamental principles of money management included are timeless.
Although not as popular as Suzie Orman, Dave Ramsey and other top selling financial planning experts, Quinn's piece is head and shoulders above any of them in terms of the overall scope of information and quality of delivery. If you seek to build a significantly solid foundation for personal finance, there is not a better book I could recommend.
Good For Its Time
Many of the negative reviews cite the books publication date. That date is no secret. I bought this book just after it came out and it was the main source of my financial education. The internet was not the force it is now where advice (good and bad) is a click away. I achieved what I would consider to be financial success and independence and this book was a great aid in that quest. I do agree that I would not now buy it again (unless an updated version appears) but it still has solid basic advice.
This book allowed me to achieve financial freedom
I bought this book in June 1995 at age 32. I recently purchased another copy (due to someone denying that I lent it to them...?? How could you forget borrowing a 2.5inch thick, 5 pound book?) I want to share with you all what this book did for me. It taught me the importance of setting concrete financial goals and measuring my net worth on a regular basis. I am proud to say that I have in the last 12 years set and then met most of my financial goals. I have excel spreadsheets that track my net worth annually from 1995 (when all of my net worth was the equity of my house) to today (I own my house outright, have 401K's, pre-paid college plans, stocks, and CD's). My net worth has grown by 1,800% in those 12 years. As I have gone thru new chapters of my life (making a will and saving for college once I had children, becoming my mom's guardian, choosing to retire early), I have been able to easily pick and choose the chapters of the book that I once glossed over and re-read them when they apply to a new stage of my life. I was always a motivated person who wanted to live under my means to achieve financial freedom, but this book gave me the roadmap I used. I highly recommend this book for people who want to learn how to manage their money and achieve their goals in life. The peace that financial freedom gives me is priceless. Read this book and live UNDER your financial means and you can have this freedom too.
Solid Advice with Results
I purchased the original book years ago and have referred to it many times to build a foundation of financial knowledge. Ms. Quinn's book and her Newsweek column offer solid advice which I have used to build a comfortable retirement account, a college savings fund for my children, a low interest mortgage and an understanding of how it all works.
This book is also a great gift idea for college graduates and newlyweds.
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